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  1. Market Commentary thumbnail: Bloodbath In D-Street: Sensex Down 1,677 Points, Nifty PlungesMarket Commentary thumbnail: Bloodbath In D-Street: Sensex Down 1,677 Points, Nifty Plunges

    Bloodbath In D-Street: Sensex Down 1,677 Points, Nifty Plunges

    LATEST NEWSINDIAWORLDENTERTAINMENTLIFESTYLEBUSINESSEDUCATIONCRICKET ... Ponmudi R, CEO of Enrich Money, said Inflationary worries resurfaced as well

  2. Market Commentary thumbnail: Stock markets slump over 2 pc as rising US-Iran tensions, spike inMarket Commentary thumbnail: Stock markets slump over 2 pc as rising US-Iran tensions, spike in

    Stock markets slump over 2 pc as rising US-Iran tensions, spike in

    Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm. The ... This report is auto-generated from PTI news service. ThePrint holds no

  3. Market Commentary thumbnail: Gold Holds Steady at Rs 1,45121 Amid Geopolitical HeatMarket Commentary thumbnail: Gold Holds Steady at Rs 1,45121 Amid Geopolitical Heat

    Gold Holds Steady at Rs 1,45121 Amid Geopolitical Heat

    Ponmudi R, CEO of Enrich Money, commented on gold's performance ... Latest News. महाराष्ट्र में डांस बारों पर संकट

  4. Market Commentary thumbnail: Sensex tanks 1,677 points as Trump ends Iran ceasefire - RediffMarket Commentary thumbnail: Sensex tanks 1,677 points as Trump ends Iran ceasefire - Rediff

    Sensex tanks 1,677 points as Trump ends Iran ceasefire - Rediff

    Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm. The renewed escalation triggered a sharp rebound in crude oil prices, which surged

  5. Market Commentary thumbnail: Why did the stock market crash today? 5 reasons behind the sharpMarket Commentary thumbnail: Why did the stock market crash today? 5 reasons behind the sharp

    Why did the stock market crash today? 5 reasons behind the sharp

    Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, told PTI. Rise in crude oil prices: Trump's statement led to a sharp rally in crude

  6. Market Commentary thumbnail: Why did the stock market crash today? 5 reasons behind the sharpMarket Commentary thumbnail: Why did the stock market crash today? 5 reasons behind the sharp

    Why did the stock market crash today? 5 reasons behind the sharp

    Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, told PTI. Rise in crude oil prices: Trump's statement led to a sharp rally in crude

  7. Market Commentary thumbnail: Stock Markets Slump Over 2% as Rising US-Iran Tensions, Spike inMarket Commentary thumbnail: Stock Markets Slump Over 2% as Rising US-Iran Tensions, Spike in

    Stock Markets Slump Over 2% as Rising US-Iran Tensions, Spike in

    Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm. The renewed escalation triggered a sharp rebound in crude oil prices, which surged

  8. Market Commentary thumbnail: Sensex tanks 1,677.12 points, Nifty tumbles at 23,882.05 amid USMarket Commentary thumbnail: Sensex tanks 1,677.12 points, Nifty tumbles at 23,882.05 amid US

    Sensex tanks 1,677.12 points, Nifty tumbles at 23,882.05 amid US

    Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm. The renewed escalation triggered a sharp rebound in crude oil prices, which surged

  9. Market Commentary thumbnail: Stock markets slump over 2 pc as rising US-Iran tensions, spike inMarket Commentary thumbnail: Stock markets slump over 2 pc as rising US-Iran tensions, spike in

    Stock markets slump over 2 pc as rising US-Iran tensions, spike in

    Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm. The renewed escalation triggered a sharp rebound in crude oil prices, which surged

  10. Market Commentary thumbnail: Stock Markets Slump 2% on US-Iran Tensions, Oil Price SpikeMarket Commentary thumbnail: Stock Markets Slump 2% on US-Iran Tensions, Oil Price Spike

    Stock Markets Slump 2% on US-Iran Tensions, Oil Price Spike

    Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm. The renewed escalation triggered a sharp rebound in crude oil prices, which surged

Today Forecast

Pre-Market Outlook

06:55 AM

Indian equity markets are likely to trade with a cautious bias after fresh U.S. strikes on Iran reignited geopolitical tensions following attacks on commercial vessels in the Strait of Hormuz. The renewed escalation has revived concerns over regional stability and global energy supplies, which could dampen investor sentiment, trigger a risk-off move, and lead to profit booking after the recent rally.
 
Crude oil prices have rebounded sharply, climbing back above the $70 per barrel mark after recently slipping to a low near $67. Crude is currently trading in the $72–73 per barrel range as markets price in the possibility of renewed supply disruptions in the Middle East.

With Foreign Institutional Investors turning net buyers of domestic equities over the past few sessions, market participants are expected to closely track whether the buying momentum continues in the coming days. Sustained foreign inflows will remain a key factor in determining the market’s ability to absorb global headwinds and maintain its recovery momentum at higher levels.  

 

Technical view

Nifty 50

Nifty 50 continues to maintain a constructive technical structure despite witnessing profit booking at higher levels. From a technical perspective, the 24,500 region continues to act as the immediate resistance zone. A sustained breakout above this level would reinforce bullish momentum and could pave the way for an advance towards the 24,800 region.
 
On the downside, the 24,300 level is expected to provide immediate support, followed by the 24,200 zone,  which remains a crucial demand area. However, a decisive break below 24,200 could trigger fresh selling pressure and drag the index towards the 24,000 psychological mark. Overall, the near-term technical outlook remains cautiously positive, with a sustained move above the 24,500 resistance zone required to confirm the next leg of the ongoing recovery.

 

Bank Nifty

Bank Nifty continues to exhibit a constructive technical structure and remains comfortably positioned above its key moving averages, reflecting that the broader uptrend remains intact. From a technical perspective, the 58,600–58,700 region continues to act as the immediate resistance zone. A sustained breakout above this band would reinforce bullish momentum and could pave the way for an advance towards the 59,000 psychological mark.
 
On the downside, the 58,000 psychological level is expected to provide immediate support. A decisive break below this zone could trigger profit booking and drag the index towards the 57,800 support level, while further weakness could expose the index to the 57,600 support zone. Overall, the near-term technical outlook remains cautious, while a decisive breakout above the 58,600–58,700 resistance zone will be essential to confirm the next leg of the ongoing uptrend.

Ponmudi R, CEO of Enrich Money

Today Nifty Outlook

NIFTY50

Today Bank Nifty Outlook

BANK NIFTY

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